Tax Law News. Crime Stories, Law on News and Legal Publications in November, 2011

Top Picks in News

US Labor Department to begin campaign against violations in Georgia
The Augusta ChronicleNovember 1, 2011

... child labor and overtime laws. Al Villoch, a community outreach specialist with the department, said the agency will conduct visits to businesses all over Georgia from November through April, focusing on franchise restaurants. ...more »

CIT Group's CEO, John Thain — what a pain
Chicago Sun-TimesNovember 1, 2011

Trouble began brewing in 2006 and continued through 2009, so after taking a $3 billion loan from the Treasury (what a deal), CIT very cleverly filed for bankruptcy in late 2009. John Thain, who was asked to vacate his chairmanship of the NYSE in 2008 ...more »

Tax Law News and Stories

Audit Defence
[read all news]
Harvard Hotel Draws IRS Scrutiny
BloombergNovember 18, 2011

Others suggest some colleges may have gotten creative with their accounting, leaving plenty for the IRS to inspect. “The joke is they are the world's worst businessmen because they are always 'losing' money,” says Paul Streckfus, a former IRS auditor...more »

Irs Filing & Compliance
[read all news]
FOIA request to IRS for information on pension plan's participation in ...
CCHNovember 14, 2011

The participants filed suit in district court, seeking the IRS' disclosure of the requested information, or alternatively, an in camera court review of the information. The IRS filed a motion for summary judgment, contending the participants had not ...more »

Business Audit Defence
[read all news]
Pension Red Alert: 70% of Pensions Are Never Audited
ForbesNovember 1, 2011

Nobody is required under the law to check that the money is there. Sounds Madoff-ish to me. In 1990, 1992 and 1998, the GAO recommended that the limited scope audit exemption should be repealed. According to the GAO: “Under this limited scope audit, ...more »

Personal Irs Disputes
[read all news]
Cain tries to discredit lawyer of woman accusing him of unwanted sex advance
Boston.comNovember 8, 2011

Gordon wrote, “After attacking Herman Cain through anonymous accusers for a week, his opponents have now convinced a woman with a long history of severe financial difficulties, including personal bankruptcy, to falsely accuse the Republican frontrunner ...more »

Property Taxes
[read all news]
Incline Village: Blazing the Trail for Property Tax Revolts
Wall Street Journal (blog)November 1, 2011

Washoe County officials point to a 1981 change in state tax law that let county assessors use their own techniques to value homes rather than relying strictly on market values. “It kind of put all county assessors in the state in a bit of a no-man's ...more »

Corporate Income Taxes
[read all news]
Winners Equal Losers in Perry Optional Flat Tax Plan, Group Says
San Francisco ChronicleNovember 4, 2011

Cain has proposed scrapping much of the current tax code and replace it with a 9 percent national sales tax and 9 percent levies on businesses and on individual income. The Tax Policy Center said on Oct. 18 that the 9-9-9 plan would cut taxes for ...more »

Sales Tax & Use Tax
[read all news]
Higher Sales Lift BMW Profit
Wall Street JournalNovember 3, 2011

Earnings before interest and tax—a closely watched figure by analysts—rose 44% to €1.72 billion from €1.19 billion. Revenue increased 3.8% to €16.5 billion from €15.9 billion, reflecting a 9% sales rise to 399218 vehicles. "We achieved new records ...more »

Estate Taxes & Gift Taxes
[read all news]
State Property Tax Law Change In MN
FOX 21 OnlineNovember 2, 2011

...tax credit, they're homesteading their home will see a significant hit from the state legislature,” said St. Louis County Commissioner Steve O'Neil. For more information about the states law change click on the featured links tab on our website.more »

Tax Evasion Defence
[read all news]
Tax-Cheat Contractors Stay in US Lawmaker Sights After Repeal
BloombergNovember 1, 2011

When he chaired the Senate Finance Committee in 2006, Charles Grassley, an Iowa Republican, helped create the withholding requirement to clamp down on tax evasion in the contracting ...more »

International Taxation
[read all news]
San Jose Mayor Proposes Raising Medical-Marijuana Business Tax
BloombergNovember 2, 2011

To pay for an election to repeal the rules, Reed called for an increase in the city's tax on the shops to the maximum 10 percent of gross receipts, up from 7 percent currently, according to a memo the mayor released yesterday. ...more »

Tax Planning
[read all news]
Patch 2011 Elections: Orangetown Town Supervisor
Patch.comNovember 4, 2011

That is forging a common vision for the re-development of the Rockland Psychiatric Center lands, and using land use planning to facilitate the siting of commercial enterprises that increase the Town's tax base while meeting community needs for quality ...more »

Archive

Legal and Criminal News in 2017
Legal and Criminal News in 2016
Legal and Criminal News in 2015
Legal and Criminal News in 2014
Legal and Criminal News in 2013
Legal and Criminal News in 2012
Legal and Criminal News in 2011
Legal and Criminal News in 2010
Legal and Criminal News in 2009
Legal and Criminal News in 2008
Legal and Criminal News in 2007
Legal and Criminal News in 2006
Legal and Criminal News in 2005
Legal and Criminal News in 2004
Legal and Criminal News in 2003
Legal and Criminal News in 2002
Legal and Criminal News in 2001
Book of the Day in our Store
Share it on TwitterFacebook
Law & Neuroscience (Aspen Casebooks)Law & Neuroscience (Aspen Casebooks)
by Owen D. Jones, Jeffrey D. Schall, Francis X. Shen
  • List Price: $225.00
  • Price: $179.89
  • You Save: $45.11 (20%)
from $104.37
View
Audra B WoodsAttorney at LawPRACTICE AREA: Elder Law, Wills & Probate, Trusts & Estate Planning
Doris BrandstatterAttorney at LawPRACTICE AREA: Elder Law, Real Estate Law, Trusts & Estate Planning